E-commerce
E-commerce has evolved beyond simple online purchases to encompass all digital business transactions. This includes traditional consumer shopping, B2B platforms, and hybrid models that blend online and physical retail.
The e-commerce sector is in the rise
Global ecommerce sales are forecast to hit $6.8 trillion in 2025
With the number of people shopping online increasing year after year, it should come as no surprise that global ecommerce sales have also been rising. Here’s a look at how annual ecommerce sales worldwide have risen in the past few years and are forecast to grow.
- 2.77 billion people shop online worldwide.
- There are over 28 million eCommerce stores globally.
- 21% of retail purchases are expected to take place online in 2025.
- And is expected to rise to 22.6% by 2027.
The numbers
E-commerce sector in numbers
With over 33% of the world’s population shopping online, eCommerce is now a $6.8 trillion industry and will reach the $8 trillion mark by 2027. 2.77 billion people around the globe are making online purchases from dedicated eCommerce platforms or Social media stores.
%
Shoppers shop online at least once a week
T $
Ecommerce sales will surpass in 2025
%
All retail purchases will be made online in 2025
The future
The key trends in the e-commerce sector
Modern e-commerce seamlessly integrates websites, mobile apps, and marketplaces to serve both businesses and consumers. The coming year will bring important trends in online commerce:
- AI-powered customer service
- Automation of sales processes
- Omnichannel sales development
- Rise of the subscription model
Make sure you are ready as they will have a key impact on the shopping experience of customers and the success of online retailers.
